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Commvault Systems (CVLT)
NASDAQ:CVLT
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.09Last Year’s EPS
1.03Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed strong, broad-based growth across subscription, SaaS, and term software revenue with meaningful margin expansion and raised full-year guidance. Product momentum (Cloud Unity, identity resilience, partnerships, patents, AWS recognition) and record customer acquisition reinforce a positive growth and innovation story. Headwinds were primarily timing- and mix-related: Q3 free cash flow weakness driven by late quarter deal closings and an extra payroll cycle, a quarter-to-quarter ARR impact from a higher mix of lower‑ASP SaaS landings and longer-duration software deals, and modest near-term NRR variability. Management provided explanations and maintained constructive guidance, framing variability as manageable and consistent with the company’s hybrid go-to-market transition.Company Guidance
Strong Subscription and SaaS Growth
Subscription revenue grew 30% year-over-year to $206M; subscription ARR increased 28% to $941M; SaaS ARR rose 40% to $364M. Subscription ARR now represents 87% of total ARR (up from 83% a year ago).
Total Revenue and ARR Acceleration
Total revenue accelerated 19% year-over-year to $314M. Total ARR increased 22% to $1,085M, reflecting broad-based demand across product lines and geographies.
Customer Acquisition Momentum
Record land and expand quarter: ~700 net new subscription customers added (ending quarter with >14,000 subscription customers) and a SaaS install base exceeding 9,000 customers; enterprise SaaS penetration rising (nearly 50% of enterprise SaaS customers use more than one offering, up ~700 bps year-over-year).
Term Software Strength and Large Deals
Term software revenue grew 22% to $119M. Revenue from term software transactions over $100K increased 25%, with growth in both transaction volume and average deal size; volume and dollar value of million-dollar software deals also increased year-over-year.
Profitability and Margin Improvements
Gross margin improved ~100 basis points sequentially to 81.5%. Non-GAAP EBIT was $61M with a margin of 19.6%. The company achieved the Rule of 40 in the quarter and a Rule of 41 year-to-date, demonstrating balance between growth and profitability.
Raised Full-Year Guidance and Healthy Fiscal Outlook
Fiscal 2026 guidance raised: subscription revenue to $764–768M (≈30% growth at midpoint) and total revenue to $1,177–1,180M (≈18% growth at midpoint). Full-year gross margin guide increased to 81–81.5% and non-GAAP EBIT margin guide raised to 19–20%. Free cash flow guidance set at $215–220M (includes one-time items).
Capital Allocation and Share Repurchases
Repurchased $41M of stock in Q3 and $187M year-to-date; Board approved recommitment of share repurchase authorization to $250M, signaling continued capital return focus.
Product Leadership, Partnerships and Recognition
Launched Commvault Cloud Unity platform; achieved 1,600th lifetime patent; earned AWS resilience competency and named 2025 AWS Global Storage Partner of the Year; GigaOM named Commvault a leader in cloud data protection; new partnership with Pinecone (GA targeted 2026); strong customer and analyst feedback on ResOps/identity resilience features (Active Directory ARR more than doubled YoY).
CVLT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CVLT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 27, 2026 | $129.36 | $89.13 | -31.10% |
Oct 28, 2025 | $174.15 | $145.78 | -16.29% |
Jul 29, 2025 | $163.43 | $193.27 | +18.26% |
Apr 29, 2025 | $165.96 | $168.73 | +1.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Commvault Systems (CVLT) report earnings?
Commvault Systems (CVLT) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Commvault Systems (CVLT) earnings time?
Commvault Systems (CVLT) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVLT EPS forecast?
CVLT EPS forecast for the fiscal quarter 2026 (Q4) is 1.09.